Thomas SowellWhen people learn that you are an economist, they often want you to predict which way the economy is going. There seem to be more than the usual number of calls for such predictions lately. But an economist should be more aware than others are of how hazardous such predictions can be.

Ralph ReilandMy first recommendation is very basic. Don’t cut class. As Woody Allen stated, “Eighty percent of success is just showing up.” And it’s best to show up on time. Remember the old Tibetan proverb: “Man who comes to work early and leaves late ends up with tallest stack of Sichuan rupees.”

Peter SchiffThe independent British exposé film Overdose: The Next Financial Crisis released last spring has been made available to Internet viewers on YouTube for free. The documentary provides a valuable warning for Americans that the real estate bubble/bust is small compared with the current bailout bubble being built up with government “stimulus” money and practically zero percent interest rates manipulated by the Federal Reserve Bank.

The American posterGeorge Clooney’s newest film, The American, directed by Anton Corbijn, is a sort of combination of Clooney’s past films Up in the Air and Ocean’s Twelve/Thirteen. In one sense, Clooney’s character is deep, profound, and brooding, much like his character in Up in the Air. Yet though detailed and precise he is also an immoral “bad guy,” which is of the same vein as the character he played in the Ocean’s films. Unfortunately, The American deviates from the aforementioned films in that it fails to maintain the audience’s attention, sympathy, or concern for the character’s final outcome.

Chip WoodHow much money do you have in your wallet? I’m not trying to be nosey. I want to make a very important point about what is wealth — and why what we call “dollars” have lost 80 percent of their purchasing power since I came kicking and screaming into the world.

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